Two articles today show how the Internet economy tends to be like the overall economy but much, much faster. Innovation is faster, the rise of new companies is faster, and maturing and death of those firms is likewise faster than in the industrial and service sectors that preceded it and remain in place beside it.
In sum, the need for modernizing America’s communications law is urgent and undeniable.
The growing use of Uber to hail a cab is economic dynamism at its finest: an unregulated Internet service upending an old, established service with consumers reaping the rewards.
Over-regulation is rearing its ugly head in Chicago once again. New regulations that would push a popular new limousine and taxi service out of the Chicago market have been proposed…